Dollar steadies after Powell’s testimony; sterling awaits BOE meeting
The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve…
Analysis-For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
(Reuters) – As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries,…
Goldman Sachs sees 5 reasons investors should add downside protection to equity portfolios
Goldman Sachs analysts told investors in a note Wednesday that the firm’s baseline view is that the S&P 500 will rise by…
Oil edges up after hawkish remarks from Fed’s Powell
(Reuters) – Oil prices rose slightly on Wednesday after U.S. Federal Reserve Chair Jerome Powell’s hawkish message reaffirming the central…
Dollar higher after Powell says Fed inflation fight ‘has a long way to go’
(Reuters) – The U.S. dollar edged higher against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell…
U.S. stocks are falling as Powell tells Congress inflation fight is ongoing
U.S. stocks were falling as investors prepared to hear Federal Reserve Chair Jerome Powell testify in Congress that the central…
Amazon duped ‘millions of consumers’ into enrolling in Prime — FTC
(Reuters) – The Federal Trade Commission filed suit against Amazon.com Inc (NASDAQ:AMZN) Wednesday, charging the retailer with enrolling millions of…
Tesla returns to S&P 500 ESG index with more environmental disclosures
(Reuters) – Tesla (NASDAQ:TSLA) Inc has returned to the S&P 500 ESG index, the sustainable investing-focused market index, after the…
SoftBank to shift to ‘offence mode’ as AI booms
(Reuters) -SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its stance to…
EVs gain as China extends tax breaks
Shares of Chinese electric vehicle companies Nio (NYSE:NIO), Li Auto (NASDAQ:LI) and Xpeng (NYSE:XPEV) are up by nearly 3% in…